Germany Inflation

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Germany: Inflation stabilizes in August

August 28, 2015

Consumer prices in August were unchanged over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 28 August. The result contrasted July’s 0.2% increase.

Inflation was 0.2% in August, matching July’s result, which had represented the lowest reading in five months. Meanwhile, annual average inflation in August came in at July’s 0.4%.

HICP inflation, which is based on the harmonized index of consumer prices, stood at 0.1% in August, marking the same value as in July. Annual average HICP inflation came in at 0.3% in August, which also mirrored July’s print.

The Central Bank expects inflation to be 0.5% in 2015 and sees it increasing to 1.8% in 2016. FocusEconomics panelists expect inflation to average 0.5% in 2015, which is unchanged from the previous month’s forecast. For 2016, panelists expect inflation to increase to 1.6%.


Author: Teresa Kersting, Economist

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Germany Inflation August 2015

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Federal Statistics Office (Destatis) and FocusEconomics calculations.


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